This feature is for Pro Plan subscribers and businesses using Wave’s online payments feature. It will be rolling out to businesses over the next few weeks.
You can only record deposit payments directly on an estimate.
You cannot record a deposit payment on an estimate after you convert it into an invoice. Instead, manually add an invoice payment to record the deposit.
To record a deposit payment on an estimate:
- Log in to your account at waveapps.com.
- On the left-side menu, click Sales & Payments > Estimates.
- Locate the estimate.
- On the right, click the dropdown arrow, then click Record a deposit.
- Enter the details of the deposit, then click Submit. If the estimate has not yet been accepted, click Submit & mark as accepted.
If your customer has not yet accepted the estimate, when you record the payment, it will be marked as accepted. You can record full or partial deposit payments.
A deposit transaction will appear on your Transactions page in the customer’s credit account. Editing or deleting the transaction will affect the deposit on the estimate and the recorded funds in their credit account. Track customer deposit payments in your customer credit report.